Indices Struggles, Ends On A Positive Note
In today’s trading session, the benchmark indices struggled for breakout, however, it got stuck on higher level. Most of the indices closed on the positive mark. Healthcare, Auto and Banking indices saw some good up moves and that were up around 100 points each. Capital Goods and Consumer Durable stocks also saw positive movement and were up by 80 points each. Mid-caps and Small-Caps also closed in positive territory. The Nifty took vital support around 8200, and closed up by 38 points at 8262 while Sensex was up by 117 point and closed at 27324.
The advance-decline ratio on NSE was on the positive side, as the day ended with 1455 shares in green and 1235 shares in the red zone.
Top Nifty Gainers: Lupin closed the day higher by 3.20%, followed by SBI, IndusInd Bank, HDFC and M&M.
Top Nifty Losers: Bank Of Baroda closed the day lower by 2.67%, followed by PNB, NTPC, Vedanta and HCL Tech.
Most of the sectoral indices witnessed good recovery. Healthcare, Auto and Banking stocks witnessed handsome rally and broke all the technical hurdles and were up around 100 points. This was followed by Consumer Durable and Capital Goods index that were up by around 85 points each. While Mid-Caps and Small-Caps also closed in green territory. However Metals index remained in stress and its index was down by 105 points.
The Asian markets continued with some positive scenario. The Hang Seng market saw massive up moves by 535 points, followed by Nikkei market that was up by 162 points. While KOSPI, Taiwan and Shanghai Composite market saw nominal negative trades.
Buzzer: Lupin was up by more than 3.2% on the bourses today and closed up at the technical level around Rs 1680. If the stock opens above this level, it may touch Rs 1700/1720 mark in the next few sessions.
The Nifty Future made a bullish crossover after its broke 8250 level. If its sustain above this level may see more up moves.